Cub Elecparts Inc. expects stronger growth from its tire pressure monitoring systems and millimeter-wave radar business through 2025, as the Taiwanese auto parts maker benefits from new European Union regulations. CEO Yu Shan-chuan said TPMS revenue will significantly increase next year following the EU’s July mandate requiring commercial vehicles to install these systems.
The company is testing its proprietary spherical tire pressure sensors with major European fleet operators that manage over 3.7 million vehicles. The system’s quick installation and lower costs could help boost adoption.
Cub Elecparts has been investing heavily in research and development over the past few years, focusing on three main growth drivers: millimeter-wave radar, TPMS, and intelligent security systems. The company is collaborating with five leading global radar suppliers on outsourced development projects.
While profits haven’t returned to pre-pandemic levels of NT$900 million to NT$1 billion ($28.4 million to $31.6 million) annually, Yu expects 2025 earnings to surpass 2024 figures. The company sees additional opportunities in smart healthcare applications, where the global market could reach $515.1 billion by 2034 from $177.2 billion in 2024.
Through its subsidiaries, Cub Elecparts develops radar systems, sensors for electric vehicles, charging solutions, and AI-powered thermal imaging technology.
